Carmel Rancho II Shopping Center, a neighborhood shopping center in Monterey County, was family owned by the Beeman Family Trust since being constructed in 1959.

Las Vegas is attracting a flood of investment capital, but the market could still be suffering from the ghosts of recessions past.

The purchase of the three-building property highlights the healthy appetite among institutional investors for South Florida industrial product.

The financing was provided by Bank OZK for the 289,000-square-foot, Class A office and lab development in the Boynton Yards area of Somerville. JLL arranged the first mortgage financing deal for the joint venture.